Immaculate 4 bedroom Chateau for sale with countryside view in Balledent, Limousin
Situated just 10 minutes from the beautiful town of Chateauponsac and 10 minutes from the gorgeous Lac Saint Pardoux. This charming property would make an ideal lock up and leave holiday home, investment property to let as a gite or a permanent residence.
The property has been functioning as a gite for a few years, but has undergone total renovation before this and every part of this property is new, the only work required now would be to put a personal touch on it.
The property consists of an entrance hall, bedroom, and bathroom ( full wet room) making this property ideal for someone with restricted mobility, large open plan living and dining room with a new pellet burner, fully fitted kitchen light and airy with windows and French doors leading out onto a terrace and garden which overlooks the neighbouring lake, on the ground floor.
On the first floor is the main double bedroom with en-suite shower room, 2 bedrooms and a family bathroom.
Attached to the property is a large barn, with a mezzanine floor and a fully enclosed workshop which would be ideal to keep as a workshop or gym, to the side of the barn is parking for up to 4 cars, a terrace and grassed garden.
The property benefits from a fully conforming new septic tank, double glazing throughout, modern electric heating, new electrics and fully insulated.
This property is a must to visit, and one of the finest examples of renovations within this price range.
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This Farmhouse is located in Balledent in France
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Buying a Property in France
1. Signing the Agreement (Compris)
On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner.
The next step, once you are in agreement, is to sign the preliminary contract (Compromis de Vente). This is a legal document and after ten days will be binding on both parties. Rules change frequently in France and it is best to consult with your notary about when this period starts. Generally the compris will be signed in France with the Agent.
Variants can be included in the compris, for example an Acte (clause) can be added if the name or names to go on the title deed have not been finalised. If a mortgage will be required to purchase the property, the details for this, including the name of the mortgage company, must be on the compris.
2. Paying the Deposit
Generally the deposit will be 10% of the agreed purchase price. This will normally be paid to the notaire. There are exceptions to this, if the agent holds a carte professionelle, is bonded and fully registered then you may pay them, but do not hand over the deposit to anyone else. If for some reason the purchase does not go through, for example, if you write to the notaire and the agent that you do not wish to go continue with the purchase before the contract is binding (within seven days of signing the compris), then your deposit would be repaid. This would also apply if a condition had not been met, or the mayor or S.A.F.E.R. (a government agency that has the right of first purchase on most rural property that comes onto the market in France) could oblige the purchaser to give way. If you decide after the seven days 'cooling off' period that you do not wish to complete the purchase and pull out of the sale you would lose your deposit. If however the vendor pulls out of the sale then you will receive your deposit back plus the same amount from the vendor.
3. On Completion
Generally it will take around two or three months to complete the purchase.
During this time the balance of the purchase money must be paid into the account of the notaire, this must be done well ahead of the completion date. The notaire will prepare the documents, check that the deed of sale (Acte de Vente) is in order and have the legal title ready to be signed over. It is possible to have someone sign on your behalf if you give them power of attorney. An interpreter may be of use at this point if your French is not very good and many Notaires will suggest (or insist) that an interpreter is with you.